Vancouver BC Real Estate See-Saw in 2011!

According to the Housing Price Index for Greater Vancouver, home values jumped 7.6% last year.

The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver, increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011.

The sales price for a Vancouver home was C$622,239. The number of home sales was up 5.9% to 32,390; this was 6.3% below the average for the previous ten year period.